Lancashire Capital

Investment musings

[Lancashire Capital @LancashireCapi1]

@andrew_lilico Jacob Rees Mogg thought Major worse than May.

[Lancashire Capital @LancashireCapi1]

@EmilSutovsky Meant to thank you for this earlier Emil. Poster came from Kazakhstan a few days ago and very happy.

[Lancashire Capital @LancashireCapi1]

@andrew_lilico @JDVance Bit bizarre to overlook “Many of whom despise the west” no?

[Lancashire Capital @LancashireCapi1]

@EmilSutovsky Thanks. You can only contact the shop via the webpage initially. But someone (Chance/your intervention?) just responded and they will ship another one from Kazakhstan which based on past experience will get to me.

[Lancashire Capital @LancashireCapi1]

@EmilSutovsky Are you able to help/ get someone to sort of the refund. Obviously things aren’t going to make their way from Russia to the UK (I wouldn’t have ordered if it had been disclosed where it was shipping from).

[Lancashire Capital @LancashireCapi1]

@EmilSutovsky Hello Emil- I ordered one of the signed candidates posters from https://t.co/IrnATFvq7T. Posted from Russia (previous items I ordered came from Kazakhstan, so this was an unpleasant surprise). Never made its way out of Russia according to the tracking and no response on refund.

[Lancashire Capital @LancashireCapi1]

@notayesmansecon The 5 year is 4.66% no?

[Lancashire Capital @LancashireCapi1]

@zmkc @julianHjessop @GreatBritishTT 1/ National insurance does not exist in Australia to fund a state pension account; 2/ you can draw your super tax free.

I would be more than happy to trade in my state pension for the return of my historic NI contributions and taking my private pension tax free.

[Lancashire Capital @LancashireCapi1]

@MrJCrouch They were queuing out of a polling booth in Epping when I took the dog for a walk at lunchtime. It will be a reform landslide in Essex.

[Lancashire Capital @LancashireCapi1]

@porterstansb Thanks.And the converse of 2/ is that the price paid to Abel for his 1% stake of BHE- post the emergence of the Pacificorp issues- looks more and more like a poorly disguised sign on bonus. Which a stronger board would at least have reined in, if not curtailed. But a v good book!

[Lancashire Capital @LancashireCapi1]

@porterstansb 3/ BRK could have easily held MCD and bought DQ - he didn’t need to sell to buy(seemed poorer version of MCD whenever I’ve been to US, and I lost a filling eating a blizzard in Jackson Hole once).

Any view on MKL as a pre Berkshire folly proxy? Ventures still small component

[Lancashire Capital @LancashireCapi1]

@porterstansb I think your book is good, with 3 caveats. 1/ The writing (but not the analysis) looks rushed in places - various points being repeated only a few paragraphs apart. 2/ I think you make too much of the Scott BHE price- sure the Pacificorp issue but also you had forced seller.

[Lancashire Capital @LancashireCapi1]

@ru_rick @porterstansb Read the teaser on Amazon. The period he focuses on post 2010 is closer to 11%, sub S&P.

[Lancashire Capital @LancashireCapi1]

@AFCBdave @iAmJoshHunt 1/ I’m not confusing anything 2/ if you could read you’d know it spelled BuffetT 3/ https://t.co/ndX1gNfRMo

[Lancashire Capital @LancashireCapi1]

@AFCBdave @iAmJoshHunt Are you able to read? It happened 20 years ago. And now I recall my Great Aunt (who had no children) also did this in favour of my dad successfully. So it happened twice.Warren (Buffett) warns against taking financial advice from financial planners, and it’s easy to see why……

[Lancashire Capital @LancashireCapi1]

@JanetPage23 @jayldn100 @iAmJoshHunt Best to do a bit of research first. For example, it will take you about 2-3 seconds on Gemini to discover- since you did not know the basics already - it is extremely common practice for the same care home to have local authority funded and private paying patients.

[Lancashire Capital @LancashireCapi1]

@IJustKnowItAll @iAmJoshHunt Anyone who complains about UK council tax I just point out they are their own jailer. In Ireland on a decent property outside Dublin, you’ll pay about €100. That’s a year, not a month.

[Lancashire Capital @LancashireCapi1]

@MarkDampier @iAmJoshHunt In general if you can’t out think a local authority you are in bad way.

[Lancashire Capital @LancashireCapi1]

@MarkDampier @iAmJoshHunt The law looks at imminence of care home to my understanding. A solicitor set up for my grandma to my dad about a decade before she went into a care home. There were no fees to be paid.